#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
For a decreasing-cost industry, as industry output increases, input (factor) prices decrease as the industry demand for inputs increases. This results in a negatively sloped long-run industry supply curve.
If you want to change selection, open document below and click on "Move attachment"
- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p89
|status||not read|| ||reprioritisations|
|last reprioritisation on|| ||suggested re-reading day|
|started reading on|| ||finished reading on|